Migrant Workers Housing Complex Putte

Premium Accommodation for Labor Migrants

You are investing with this proposition in the further development of high-quality housing for 452 migrant workers in Putte (North Brabant). The intended term is 18 months, and the fixed interest rate amounts to 7.5% per year. As an investor, you receive first mortgage rights as security. Based on the current market value of the location, the loan-to-value ratio is 52.2%.

In the Netherlands, the demand for suitable housing for migrant workers continues to rise. The housing supply for this target group is structurally insufficient, leading to spatial pressure and undesirable living conditions. The development plan in Putte offers a high-quality, campus-style living environment that meets the needs of migrant workers as well as the requirements of the local government.

The loan is provided to Nassau Property Development III B.V. for the refinancing of the earlier loan ‘Nieuwbouw Putte II’ and the further development of the complex. The zoning plan was irrevocably established on June 17, 2025. The application for the environmental permit has been fully prepared and will be submitted shortly.

Key features of this proposition:

Intended term of 18 months
Fixed annual interest rate of 7.5%
First mortgage rights
Loan-to-value ratio of 52.2%
Irrevocably established zoning plan
Campus layout with shared facilities and a manageable housing concept
Excellent location near logistics and industrial employers
Addresses the societal need for decent housing for migrant workers
Experienced underlying organization
Monthly interest payments
Interest accrues immediately upon deposit
One-time brokerage fee of 0.45%

Projected return

In the chart below, the cumulative return over the term is shown based on the fixed annual interest rate of 7.5%. In the example provided, an investment of €5,000 results in a total interest payout of €562.50 over the full duration of the proposition.

The first interest payment, including the accrued interest, is made in the month following the closing of the proposition. Thereafter, you will receive the fixed interest amount on a monthly basis in arrears. At the end of the intended term, repayment will take place through refinancing or the sale of the property.

The projected return is based on expected market conditions and project planning. There is no guarantee that these results will actually be achieved.

Cumulative return during the funding period

Investment	€5,000
Fixed interest	8,5%
Estimated duration	18 months
Total return	€637.50

Crowdrealestate valuation

Crowdrealestate has assigned this investment a risk rating of B (Prudent). This classification is based, among other factors, on the first mortgage rights, the low loan-to-value ratio, and the irrevocably established zoning plan.

Although this investment is classified as defensive, it is important to note that investing through crowdfunding always carries risks, including the possibility of losing part or all of the invested capital. Please refer to the Key Investment Information Document (KIID) for a full description of the risks and securities.

A

23 22 21

B

20 19 18

C

17 16 15

D

14 13 12

E

11 10 9

Mortgage right	Crowdrealestate investors are granted first mortgage rights.	5 points
Loan-to-value (LTV)	The financing amount is initially set at a maximum of €3,000,000 against a market value of €5,750,000. This results in a loan-to-value ratio of approximately 52.2%.	2 points
Match location with sector	The site is located near logistics hubs and industrial employers in West Brabant and is functionally aligned with the target group of migrant workers.	3 points
Occupancy of the property	The site is currently undeveloped. Several prospective parties have already expressed concrete interest in leasing and operating the future complex.	2 points
Project phase	The zoning plan was definitively established on June 17, 2025. The application for the environmental permit has been fully prepared, and the nature permit has already been irrevocably granted.	2 points
Trackrecord	The initiator is highly experienced.	3 points
Duration	The intended term of the loan has been set at 18 months.	3 points
Total		20 points

Funding structure

With this new proposition, the existing loan for the project “Nieuwbouw Putte II” will be refinanced via Crowdrealestate. At the same time, additional capital will be raised for the further development of the project. The threshold amount for this proposition is €2,500,000, while the initially required amount has been set at €3,250,000. As an investor, you will receive the first mortgage right on the development site.

The site is currently valued at a market value of €5,750,000. Based on this valuation, the initial loan-to-value (LTV) comes to 52.2%. This means that there is an equity surplus of €2,750,000. It is important to note that the zoning plan has already been established, including building volume, land use designation, and site layout. As a result, the planning-related value of the site has significantly increased.

In the near future, a new independent appraisal will be carried out, taking this zoning change into account. Should this appraisal show an increase in the market value of the site, the loan may be raised up to a maximum of €5,000,000. A condition for this is that the LTV at the time of the increase remains at least the same or decreases. The exact terms of this will be included in the Key Investment Information Document (KIID), which will be made available prior to the capital call.

Crowdrealestate investors	€3,000,000	First mortgage right
Surplus value	€2,750,000
Total scale	€9,850,000

Project description

The development site is located along a main road in Putte, a town in the municipality of Woensdrecht, North Brabant. It is strategically positioned in relation to the West Brabant cities of Bergen op Zoom, Breda, Roosendaal, and Tilburg, and lies within close proximity to the ports of Antwerp, Vlissingen, and Rotterdam.

The plot, measuring approximately 18,750 m², was formerly used as a granite works factory. The buildings have since been demolished, and the site has been largely prepared for construction. The remaining work primarily concerns the installation of utilities (electricity, water, sewage). The zoning plan amendment was definitively established on June 17, 2025, and the application for the environmental permit will be submitted shortly.

A key detail is that the Province of North Brabant has already granted an irrevocable nature permit. This effectively eliminates nitrogen-related issues, which have caused delays in many other development projects. As a result, planning security is strengthened and additional risks in the permitting process are avoided.

The new residential complex will consist of three buildings, fully compliant with current standards and regulations for the housing of migrant workers. The apartments are spread across three floors and offer a living space of approximately 30 m². Each apartment features two separate bedrooms, a shared kitchen, bathroom, and toilet. For couples, one-bedroom apartments will be available. Each floor will also include a communal living and recreation area. The grounds surrounding the buildings will be designed as a large shared garden. With its modern layout and generous outdoor facilities, the project creates a pleasant living environment while avoiding disturbance to residents of Putte’s village center.

Market description

In the Netherlands, nearly one million migrant workers now reside, with a large proportion employed in sectors such as logistics, agri-food, and industry. Their presence is also essential for the regional economy in North Brabant. Meanwhile, demand for foreign labor continues to grow, while the supply of suitable housing remains structurally insufficient. This shortage leads to overcrowding, social tensions, and spatial pressure in residential neighborhoods.

In Woensdrecht, local policy prohibits housing more than two migrant workers per regular dwelling. As a result, small-scale, scattered housing in residential areas is no longer adequate. The focus has therefore shifted to centralized, managed housing locations on the outskirts of towns, where proper facilities and supervision can be ensured.

The project in Putte aligns seamlessly with this policy direction. By developing high-quality, purpose-built housing at a single location, the project not only addresses a pressing social need but also contributes to livability, manageability, and sustainable spatial integration.

End user

Several professional parties, specialized in the housing of migrant workers, have already expressed interest in operating the complex. These candidates have nationwide experience and often collaborate with major employment agencies, which contributes to a high occupancy rate and professional management. It is therefore expected that the complex will be fully leased upon completion.

At the same time, consideration is being given to managing the operation in-house. Given the consistently strong demand for migrant workers in the region, combined with the scale and quality of the project, stable rental performance is anticipated under this scenario as well.

Underlying organisation

The loan will be provided to Nassau Property Development III B.V. for the refinancing of the earlier loan “Nieuwbouw Putte II” and for the further development of the existing complex.

Nassau Property Development III B.V. is affiliated with a shareholder of Crowdrealestate. This shareholder holds an interest of more than 20%, but does not have any voting rights, appointment rights, or other powers that could influence the policies or decision-making of the project owner. Therefore, no control relationship exists as defined under the European Crowdfunding Service Providers Regulation (ECSPR).

Further information will be included in the Key Investment Information Document (KIID), which will be made available prior to the completion of the proposition.

Supplementary files

You can open the supplementary files below

Filename
EBi - Arbeidsmigrantencomplex Putte	Download

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